Demonstrates basic rules of how to read a candlestick chart, long and short term moving averages, stochastic, MACD and relative strength (RS) charts. Explains how bull or bear market condition is computed.

Tree Island Steel Ltd. manufactures and sells steel wire and wire products for industrial, construction, agricultural, and specialty applications in Canada, the United States, and internationally. It offers industrial products, such as pulp and unitizing, waste, chain link, upholstery, low carbon, and shaped wires, as well as bar/straight and cut bars; and wirelines for use in the oil industry. The company also provides residential products, including bulk and collated nails, packaged nails and fasteners, and packaged and bulk screws, as well as nail head identification systems; and woven and welded wires, and corners and accessories. In addition, it offers commercial products comprising reinforcing mesh, pipe mesh and flexicage, and engineered structural mesh, as well as mine mesh products; and rebar tie and concrete reinforcing wires. Further, the company provides agricultural products consisting of agricultural fencing, barbed, and vineyard wires, as well as catch coils. Tree Island Steel Ltd. markets its products under the Tree Island, Halsteel, True Spec, K-Lath, Stucco-Rite, TI Wire, and Tough Strand brand names. The company was formerly known as Tree Island Wire Income Fund and changed its name to Tree Island Steel Ltd. in October 2012. Tree Island Steel Ltd. was founded in 1964 and is headquartered in Richmond, Canada.

Financial Statements

The charts below show selected Annual and Quarterly Financial Data.

The purpose of these charts is to discover long and short term change dynamics. When numbers are growing year after year in the annual statements chart, the business become stronger and stronger and this is a good sign.

Quarterly Data Chart can be used to do a short term analysis. It makes sense to pay attention to the quarterly dynamics and do not wait for the next yearly statement. We should be alerted if we see that quarterly numbers are going down.

Annual Statements

On a charts below the Line shows absolute values and the Bar chart shows Year-Over-Year Growth Rate for selected financial statement item.
A consistent GROWTH is generally considered necessary to fund future growth from within a business.
NOTE: Growth Rate is not provided if either the latest period or the year-ago period contains a net loss.
(source: WSJ Digest of Earnings)
TIP! move your mouse pointer over bar or a circle on any chart below to see details.

Financial Statements

Income Statement

Cash Flow Statement

Balance Sheet

Liquidity Ratios

Current Ratio

Current Ratio measures the ability to meet short term obligations. Generally accepted standard is 2 (current assets should be 2 times or 200% of current liabilities).

Quick Ratio

Measures immediate liquidity or the cash available to cover immediate liabilities. A safe margin would be at least 1 (100%).

Financial Leverage

Defined as total assets divided by total shareholders' equity. The higher the ratio, the more debt a company uses in its capital structure.

Profitability Ratios

ROA

Return on Assets (ROA) measures the income (profit) that is generated by the use of the assets of the business.

ROE

Return on Equity (ROE) is a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders equity.
ROE is sometimes called "return on net worth."

ROIC

The Return on Invested Capital (ROIC) measure gives a sense of how well a company is using its money to generate returns. Some investors use this figure as a final evaluation to determine whether or not to invest in a company.

Annual Statements

Item Name

Dec '07

Dec '08

Dec '09

Dec '10

Dec '11

Dec '12

Dec '13

Dec '14

Dec '15

Dec '16

Dec '17

Equity (BVPS)

1.73

1.20

1.22

1.66

1.73

growth rate

-30.6%

1.7%

36.1%

4.2%

Earnings BIT

4.31

4.91

14.09

18.03

4.29

growth rate

13.8%

187.1%

27.9%

-76.2%

Avg.PE

8.69

5.78

10.14

16.37

growth rate

-33.5%

75.4%

61.4%

ROA

4.32

-29.21

-17.74

-15.85

-14.46

12.05

-0.79

0.99

13.25

10.09

-1.21

growth rate

-100.0%

0.0%

0.0%

0.0%

100.0%

-100.0%

100.0%

1,238.4%

-23.9%

-100.0%

ROE

7.17

-66.37

-53.55

-44.11

-60.80

52.19

-2.48

2.72

31.69

21.47

-2.56

growth rate

-100.0%

0.0%

0.0%

0.0%

100.0%

-100.0%

100.0%

1,065.1%

-32.3%

-100.0%

ROIC

7.53

-60.76

-24.45

-6.64

-6.14

26.13

7.86

4.92

18.12

13.88

0.44

growth rate

-100.0%

0.0%

0.0%

0.0%

100.0%

-69.9%

-37.4%

268.3%

-23.4%

-96.8%

Cur. Ratio

1.34

1.06

2.24

2.89

1.74

2.06

1.34

1.60

1.79

1.95

1.63

growth rate

-20.9%

111.3%

29.0%

-39.8%

18.4%

-35.0%

19.4%

11.9%

8.9%

-16.4%

Quick Ratio

0.35

0.23

0.77

0.90

0.55

0.60

0.44

0.43

0.56

0.52

0.50

growth rate

-34.3%

234.8%

16.9%

-38.9%

9.1%

-26.7%

-2.3%

30.2%

-7.1%

-3.9%

Leverage

1.79

3.33

2.53

3.14

6.22

3.23

3.08

2.54

2.27

2.00

2.26

growth rate

86.0%

-24.0%

24.1%

98.1%

-48.1%

-4.6%

-17.5%

-10.6%

-11.9%

13.0%

Balance Sheet

Dec '07

Dec '08

Dec '09

Dec '10

Dec '11

Dec '12

Dec '13

Dec '14

Dec '15

Dec '16

Dec '17

Acct.Receivable

16.96

20.09

27.51

24.46

26.30

growth rate

18.5%

36.9%

-11.1%

7.5%

Acct.Payable

7.62

18.76

17.05

15.36

18.27

growth rate

146.2%

-9.1%

-9.9%

18.9%

Cur.Assets

55.22

82.27

92.38

97.31

91.36

growth rate

49.0%

12.3%

5.3%

-6.1%

Total Assets

85.63

112.11

131.60

137.46

133.68

growth rate

30.9%

17.4%

4.5%

-2.8%

Cash

1.26

2.31

1.33

1.35

1.65

growth rate

82.7%

-42.6%

1.9%

22.2%

Inventory

35.31

55.95

59.69

67.27

59.99

growth rate

58.5%

6.7%

12.7%

-10.8%

Cur.Liabilities

26.46

51.52

51.63

49.79

56.06

growth rate

94.7%

0.2%

-3.6%

12.6%

Liabilities

57.85

68.01

73.78

68.88

74.41

growth rate

17.6%

8.5%

-6.6%

8.0%

LT Debt

28.21

13.05

21.94

18.26

15.19

growth rate

-53.7%

68.1%

-16.8%

-16.8%

Equity

27.78

44.10

57.82

68.57

59.27

growth rate

58.7%

31.1%

18.6%

-13.6%

Common Shares

11.00

11.00

11.00

11.00

11.00

30.00

12.00

30.00

31.00

31.00

31.00

growth rate

0.0%

0.0%

0.0%

0.0%

172.7%

-60.0%

150.0%

3.3%

0.0%

0.0%

Cash Flow Statement

Dec '07

Dec '08

Dec '09

Dec '10

Dec '11

Dec '12

Dec '13

Dec '14

Dec '15

Dec '16

Dec '17

Capital Expenditures

0.51

1.55

6.31

6.35

6.58

growth rate

202.9%

308.2%

0.7%

3.6%

Cash Dividends

0.31

0.31

0.31

1.87

2.46

growth rate

0.0%

0.0%

499.7%

32.0%

Cash From OA

-1.28

-6.72

6.78

13.53

15.07

growth rate

0.0%

100.0%

99.5%

11.4%

FCF per Share

0.33

-0.34

0.08

0.21

-0.23

growth rate

-100.0%

100.0%

162.5%

-100.0%

Sale Purchase of Stock

0.17

1.03

growth rate

500.0%

FCF

20.00

-1.00

44.00

-8.00

4.00

-2.00

-7.00

-2.00

7.00

8.00

growth rate

-100.0%

100.0%

-100.0%

100.0%

-100.0%

0.0%

0.0%

100.0%

14.3%

Income Statement

Dec '07

Dec '08

Dec '09

Dec '10

Dec '11

Dec '12

Dec '13

Dec '14

Dec '15

Dec '16

Dec '17

Sales

153.44

183.94

231.27

231.25

234.71

growth rate

19.9%

25.7%

0.0%

1.5%

Op.Income

4.31

4.91

14.09

18.03

4.29

growth rate

13.8%

187.1%

27.9%

-76.2%

IBT

-0.75

1.41

11.76

15.00

0.15

growth rate

100.0%

734.7%

27.6%

-99.0%

Net Income

-0.65

0.98

16.15

13.57

-1.64

growth rate

100.0%

1,551.0%

-16.0%

-100.0%

EPS

0.94

-5.92

-2.44

-1.00

-1.12

0.50

-0.05

0.03

0.52

0.44

-0.05

growth rate

-100.0%

0.0%

0.0%

0.0%

100.0%

-100.0%

100.0%

1,633.3%

-15.4%

-100.0%

Gross Profit

20.20

22.15

35.24

40.73

21.48

growth rate

9.6%

59.1%

15.6%

-47.3%

Quarterly Statements

Item Name

Sep '17

Dec '17

Mar '18

Jun '18

Sep '18

Earnings BIT

-1.57

0.97

2.55

4.33

2.55

growth rate

100.0%

164.0%

69.6%

-41.0%

Balance Sheet

Sep '17

Dec '17

Mar '18

Jun '18

Sep '18

Acct.Receivable

29.84

26.30

36.58

36.37

31.41

growth rate

-11.9%

39.1%

-0.6%

-13.6%

Acct.Payable

16.45

18.27

21.86

27.79

29.63

growth rate

11.1%

19.7%

27.1%

6.6%

Cur.Assets

100.67

91.36

98.03

107.49

119.49

growth rate

-9.3%

7.3%

9.7%

11.2%

Total Assets

143.37

133.68

140.43

153.08

165.70

growth rate

-6.8%

5.1%

9.0%

8.3%

Cash

1.44

1.65

1.53

1.44

2.46

growth rate

15.0%

-7.5%

-5.8%

70.8%

Inventory

64.75

59.99

55.34

65.12

80.53

growth rate

-7.3%

-7.8%

17.7%

23.7%

Cur.Liabilities

61.31

56.06

62.30

72.59

81.91

growth rate

-8.6%

11.1%

16.5%

12.8%

Liabilities

79.05

74.41

80.82

91.50

104.24

growth rate

-5.9%

8.6%

13.2%

13.9%

LT Debt

15.79

15.19

14.72

14.11

17.36

growth rate

-3.8%

-3.1%

-4.2%

23.0%

Equity

64.33

59.27

59.61

61.58

61.47

growth rate

-7.9%

0.6%

3.3%

-0.2%

Common Shares

239.87

237.38

237.10

236.60

236.32

growth rate

-1.0%

-0.1%

-0.2%

-0.1%

Cash Flow Statement

Sep '17

Dec '17

Mar '18

Jun '18

Sep '18

Capital Expenditures

0.79

0.60

0.65

3.95

1.08

growth rate

-24.5%

8.7%

506.3%

-72.6%

Cash Dividends

0.62

0.61

0.59

0.59

0.59

growth rate

-0.7%

-3.0%

-0.3%

-0.7%

Cash From OA

1.50

13.14

0.30

2.02

-6.88

growth rate

778.0%

-97.7%

572.7%

-100.0%

FCF

0.70

12.55

-0.35

-1.93

-7.96

growth rate

1,682.0%

-100.0%

0.0%

0.0%

Income Statement

Sep '17

Dec '17

Mar '18

Jun '18

Sep '18

Sales

55.64

54.56

66.49

68.09

55.85

growth rate

-1.9%

21.9%

2.4%

-18.0%

Op.Income

-1.57

0.97

2.55

4.33

2.55

growth rate

100.0%

164.0%

69.6%

-41.0%

IBT

-2.86

-0.68

1.80

3.79

1.46

growth rate

0.0%

100.0%

110.8%

-61.5%

Net Income

-2.15

-1.98

1.10

2.79

1.02

growth rate

0.0%

100.0%

152.9%

-63.3%

Gross Profit

3.11

3.29

7.51

9.37

7.83

growth rate

5.7%

128.2%

24.8%

-16.4%

Growth Grade & Financial Ratios

All financial ratios below are calculated based on latest annual statements available and present the most up to date snapshot of a company finances.